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Engine rebuild questions

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I came across a 300ex for the wife that needs some engine work.

All I was told is that it just quit running. There is no compression and the starter apparently free spins. They did try pull starting it to no avail.

I have no doubt of my mechanical capabilities to rebuild it, but havent done a 4-stroke atv/bike engine before and dont know what to expect for costs for parts for a engine overhaul. They want $1000 for it. I dont want to end up putting as much or more money into it than I would just buying a nice running one.

From the pictures I have seen it appears to be in very good condition overall

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